Meera Industries Ltd IPO Message Board (Page 4)

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TOPS
27. TOPS  May 4, 2017 09:59
Your update on meera & ckp allotment ?
Dhruva Pandey
26. Dhruva Pandey  May 4, 2017 00:33
Their accounting looks pure made up for the IPO ... Too good to be true and why not how many Gujurat companies already did it so far in SME, Take money run away .
Jay Mangal
25. Jay Mangal  May 4, 2017 00:00
Meera almost subscribed 4 times
a.h.mithvani
24. a.h.mithvani  May 3, 2017 19:05
Top Contributor Top Contributor (200+ Posts)
Bid and Quantity for MEERA INDUSTRIES LIMITED
At BSE
Last updated on
5/3/2017 7:00:59 PM
Price ()      Quantity
36.00      29,10,000
Cut-off      13,95,000
Total      43,05,000
chetan patel
23. chetan patel   May 3, 2017 10:43
pl advice meera indu. ltd issue apply yes /no
chetan patel
22. chetan patel   May 3, 2017 10:42
sir pl advice meera indu. ltd ipo apply yes/ no
DHARMESH M VIRADIYA
21. DHARMESH M VIRADIYA  May 2, 2017 21:05
Meera GMP ?
RAJA RAJASTHANI
20. RAJA RAJASTHANI  May 2, 2017 19:52
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Probably it will be 100 times plus subscription
sharique
19. sharique  Apr 29, 2017 14:11
Should we apply for this ipo.Meera.
RAJA RAJASTHANI
19.1. RAJA RAJASTHANI  May 2, 2017 19:13
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Thinking the point--

Small issue

Only 3.89 Crores.

Very high subscription figures expected.
Hence getting allotment is very difficult.
Better to keep money in Bank account for HUDCO IPO.
RAJA RAJASTHANI
18. RAJA RAJASTHANI  May 2, 2017 19:08
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Things to remember-

Small issue

Only 3.89 Crores.

Very high subscription figures expected.
Hence getting allotment is very difficult.
Better to keep money in Bank account for HUDCO IPO.
Viraj.
17. Viraj.  May 2, 2017 18:30
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
good & strong fundamental...
KMB
16. KMB  May 2, 2017 17:18
What is gmp of meera subject to allotment
KMB
15. KMB  May 2, 2017 17:18
What is gmp of meera subject to allotment
a.h.mithvani
14. a.h.mithvani  May 2, 2017 17:06
Top Contributor Top Contributor (200+ Posts)
Bid and Quantity for MEERA INDUSTRIES LIMITED
At BSE
Last updated on
5/2/2017 5:00:52 PM
Price ()      Quantity
36.00      13,86,000
Cut-off      6,00,000
Total      19,86,000
TOPS
13. TOPS  Apr 27, 2017 23:45
Galabha
Your view on Meera inds
Jo
13.5. Jo  Apr 30, 2017 13:00
galabja Kataro bhavajo andajo hai?
himanrajkot
13.6. himanrajkot  May 2, 2017 14:47
Meera Industries BSE SME IPO Opened on April 27 & Closes on May 4, 2017

Offer price Rs. 36 ; Listing on BSE - SME platform

Considering strong fundamentals, reasonable offer apply for short to medium term


Meera Industries Ltd (MIL) is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. All the machines are stringently tested at its in-house quality management unit to ensure the flawless performance of the machines. Moreover, various R&D activities are conducted by it to remain abreast of the latest market requirements. MIL caters to the domestic market as well as Exports the products to continents like America, South America, Africa, Europe and Asia and major countries like Germany, Spain, Turkey, Thailand, Belgium, USA etc. Company''s products are sold under the brand name "MEERA".
To part finance purchase of additional plant and machinery, setting up of new yarn manufacturing facility, meet working capital funding and general corpus fund needs, the company is coming out with a maiden IPO of 1080000 equity share of Rs. 10 each at a fixed price of Rs. 36 per share to mobilize Rs. 3.89 crore. Issue opens for subscription on 27.04.17 and will close on 04.05.17. Minimum application is to be made for 3000 shares and in multiples thereof, thereafter. Post allotment, shares will be listed on BSE SME. Issue is solely lead managed by Guiness Corporate Advisors Pvt Ltd and Karvy Computershare Pvt Ltd is the registrar to the issue. It raised initial equity at par value and then issued further capital at a price of Rs. 40 and Rs. 100 per share during 2009 - 2017. It also issued bonus shares in the ratio of 1.5 share for every 1 share held in January 2017. Post issue, its current paid up equity capital of Rs. 2.85 crore will stand enhanced to Rs. 3.93 crore.
Financial Performance :- On performance front, the company has posted turnover/net profits of Rs. 7.52 cr. / Rs. 0.16 cr. (FY14), Rs. 8.01 cr. / Rs. 0.23 cr. (FY15) and Rs. 8.18 cr. / Rs. 0.49 cr. (FY 16). For first 10 months ended on 31.01.17 of the current fiscal, it has earned net profit of Rs. 0.96 crore on a turnover of Rs. 11.37 crore. If we annualized latest earnings and attribute it on the fully diluted equity post issue then the its asking price stands at a P/E of 12 plus, the peers are trading in the range of 12.37 to 114.87 P/E and thus the issue is justifiably priced at reasonable levels.
BRLM'' Perfromance :- On merchant banker''s front, this is the 17th mandate from its stable and last 10 listings have shown mixed trends with 4 issues quoting at discount to offer price on the day of listing.
Recommendation : Considering company strong fundamentals and reasonable offer price investors may apply for short to medium term
COMMONMAN
12. COMMONMAN  Apr 29, 2017 19:55
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
SmartInvestment.in is quite Gungho On This....
Manjunatha
11. Manjunatha  Apr 28, 2017 16:38
why it is not showing first day subscription , is this ipo good or bad please inform
Anurag Bardia
10. Anurag Bardia  Apr 27, 2017 13:12
There is quite a buzz about this IPO, the company seems to have good fundamentals, and at the issue price of RS. 36, it seems reasonably priced. The company has a well established export network to more than 18 countries, and with GST coming in, the company will benefit highly in the long run. Go through the annual report before investing, but this company is aces in my books.
TOPS
9. TOPS  Apr 25, 2017 19:32
Hello Eagleye / septa sir

Your view on MEERA INDS LTD & CKP SME IPO is it worth applying ?
mahavir lunawat
9.1. mahavir lunawat  Apr 26, 2017 20:07
multibagger for sit tight inv. for a year or 2...
mahavir lunawat
8. mahavir lunawat  Apr 26, 2017 19:54
mast company lag raha hai. good to see such SME''s coming out. They are setting manufacturing in USA. promoters look very dynamic







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